I took out a loan with Settlement Lenders for $1,500.00. At the time, it was not properly explained to me how the loan worked, particularly the interest rate and its application. The attorney I had at the time also failed to explain properly and clearly how this lending item would work, and the firm quit on me soon after the loan was taken out. I was forced to manage my case on my own for a couple of years before finally finding an honest attorney who agreed to take on my case; this did not happen until 2022. The legal process has been dragged out by *** and COVID to an insane degree, and here we are in November still with little movement on my case.
I only recently was told that Settlement Lenders now expects to collect nearly $10,000.00 from any settlement or award reached in my case, and I find that remarkably shocking and far beyond fair or reasonable. Honestly, I became physically ill when I was told the amount. The number of outside factors that have extended my case for nearly 6 years have all been beyond my control, particularly COVID, and I do not believe it is fair, ethical, or reasonable for Settlement Lenders to collect such an insanely large amount from me to pay off a loan of $1,500.00. Put simply, this item is predatory and has taken advantage of me when I was very sick, in a great deal of pain, poor, and desperate, and now they stand to collect $9,500.00. It's bonkers. Nobody at Settlement Lenders or my attorney's office at the time explained to me that I could end up in this situation; they did not even come close.
I only recently was told that Settlement Lenders now expects to collect nearly $10,000.00 from any settlement or award reached in my case, and I find that remarkably shocking and far beyond fair or reasonable. Honestly, I became physically ill when I was told the amount. The number of outside factors that have extended my case for nearly 6 years have all been beyond my control, particularly COVID, and I do not believe it is fair, ethical, or reasonable for Settlement Lenders to collect such an insanely large amount from me to pay off a loan of $1,500.00. Put simply, this item is predatory and has taken advantage of me when I was very sick, in a great deal of pain, poor, and desperate, and now they stand to collect $9,500.00. It's bonkers. Nobody at Settlement Lenders or my attorney's office at the time explained to me that I could end up in this situation; they did not even come close.